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    Question

    Which of the following assets is a non-depreciable

    asset?
    A Buildings Correct Answer Incorrect Answer
    B Land Correct Answer Incorrect Answer
    C Furniture and fixtures Correct Answer Incorrect Answer
    D Patents Correct Answer Incorrect Answer
    E Vehicles Correct Answer Incorrect Answer

    Solution

    Non-depreciable assets are those assets that do not lose their value over time and are not subject to depreciation expense.  Land is a non-depreciable asset because it does not have a determinable useful life. The cost of land is not subject to depreciation, although improvements made to the land may be depreciable.

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